Nigeria: How Stanbic IBTC, FBN Holdco Listing Affect Investors

12 December 2012

In line with the requirements of the Central Bank of Nigeria (CBN) that any commercial banking group that wishes to keep its non-banking subsidiaries should adopt holding company structure, the shares of First Bank of Nigeria Plc and Stanbic IBTC Bank Plc have been delisted from the Daily Official List (DOL) of the Nigerian Stock Exchange (NSE), while their respective holding companies - FBN Holdings Plc and Stanbic IBTC Holdings Plc have been listed.

The listing means the two banks now have new share structure with many of their shareholders not knowing what impact the listing had on their holdings.

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